International merchants looking to expand their online sales into Mozambique have a lot of opportunities in this country. Here are a few examples among many others:
● With only 38% of the adult population having a bank account and minimal credit card usage, mobile money payment method is preferred. Such payment option is already used by 64% of adult Mozambicans, making mobile payments the preferred digital payment method for E-commerce transactions.
● The E-commerce market of 703 M USD in Mozambique is growing further rapidly, with an expected compound annual growth rate (CAGR) of 30%. By 2029, it is expected that the E-commerce market will be 2 billion USD.
● Digital infrastructure in Mozambique is developing rapidly. Mobile penetration in Mozambique is at 55%, and ongoing investments in 4G, 5G networks are enhancing internet access. Affordable smartphones are also making digital services more accessible to a broader audience.
The E-commerce sector of Mozambique is expanding quickly. With strategic investments into infrastructure, it has a lot of room to grow in the near future.